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Investment Highlights

  • Instant Income - Tenant currently in place through 8/31/2027
  • Water, sewer and trash included in COA fee.
  • Main Corridor from UNCW to Downtown Wilmington

Executive Summary

5024 Randall Pkwy (second floor condo)
Second floor retail/office space in Carolina Place office condos. Features 4 offices, reception and private bathroom. Tenant currently in place through 8/31/2027. Lease terms available upon request. On-site parking. Water, sewer and trash included in COA fee.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $13,101 $1.36
Other Income - -
Vacancy Loss - -
Effective Gross Income $13,101 $1.36
Taxes $1,171 $0.12
Operating Expenses - -
Total Expenses $1,171 $0.12
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $13,101
Annual Per SF $1.36
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $13,101
Annual Per SF $1.36
Taxes
Annual $1,171
Annual Per SF $0.12
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $1,171
Annual Per SF $0.12
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
9,666 SF
Building Class
B
Year Built
1984
Price
$175,000
Price Per SF
$18.10
Cap Rate
6.82%
NOI
$11,930
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
795 SF
Slab To Slab
10’
Zoning
O&I,OFFICE
Parking
45 Spaces (4.66 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Aaron Paige Salon
  • Services
  • -
  • -
  • -
  • Assured Care
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Dany Tax Service
  • -
  • -
  • -
  • -
  • Goins Michael Dr
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • -

HearingLife is a national hearing care provider founded in 1904 and headquartered in Somerset, New Jersey. It operates over 650 centers across 42 states, including one in Haverhill, Massachusetts. The Haverhill clinic offers comprehensive services such as hearing tests, evaluations, fittings, repairs, and accessories, with flexible financing and a 30-day trial on hearing aids. Local specialist Mitch Stein, who is board-certified and personally experienced hearing loss, leads patient care. The center maintains weekday hours and has earned a 5.0-star rating from 12 local reviews. The company emphasizes personalized, aftercare-focused hearing solutions and community engagement.

  • JG CPA
  • -
  • -
  • -
  • -
  • Keith Ketchum Photography Inc
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • Mega Force
  • -
  • -
  • -
  • -
  • Simply Gorgeous Hair Salon
  • Services
  • -
  • -
  • -
  • Tangerine Salon
  • Services
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Aaron Paige Salon Services - - -
Assured Care Health Care and Social Assistance - - -
Dany Tax Service - - - -
Goins Michael Dr Health Care and Social Assistance - - -
Health Care and Social Assistance - - -
JG CPA - - - -
Keith Ketchum Photography Inc Professional, Scientific, and Technical Services - - -
Mega Force - - - -
Simply Gorgeous Hair Salon Services - - -
Tangerine Salon Services - - -
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • R05507-002-072-003
  • R05507-002-072-004
  • R05507-002-072-001
  • R05507-002-072-008
  • R05507-002-072-005
  • R05507-002-072-006
  • R05507-002-072-002
Land Assessment
$0
Improvements Assessment
$1,213,000
Total Assessment
$1,213,000
Annual Taxes
$1,171 ($0.12/SF)
Tax Year
2025
  • Listing ID: 40059723

  • Date on Market: 4/7/2026

  • Last Updated:

  • Address: 5014-5032 Randall Pky, Wilmington, NC 28403

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